Jyothy Labs to buy back its shares at ₹215 each; shareholders on 11 November 2026 are eligible
Jyothy Labs' board approved a ₹147 crore tender-offer buyback of up to 68,37,210 shares at ₹215 each on 4 November 2026. Record date is 11 November; up to 15% is reserved for small shareholders. Promoters will not take part.
Jyothy Labs Limited said its board approved, on 4 November 2026, a buyback of up to 68,37,210 of its own fully paid-up shares at ₹215 per share, for a total of up to ₹147 crore. Shareholders whose names are on the company’s register on the record date, 11 November 2026, are the ones eligible to offer shares in the buyback.
A buyback is when a company buys its own shares back from its shareholders, usually paying cash, so the shares are cancelled and the company has fewer shares outstanding.
Key terms
| Item | Detail |
|---|---|
| Board approval | 4 November 2026 |
| Shares to be bought back | Up to 68,37,210 equity shares (face value ₹1 each) |
| Price | ₹215 per share, in cash |
| Size | Up to ₹147 crore, not counting costs such as brokerage and taxes |
| Share of paid-up equity capital | About 1.86% (as of 31 March 2026) |
| Route | Tender offer |
| Record date | 11 November 2026 |
| Small-shareholder reservation | Up to 15% of the buyback |
Who is eligible
The record date is the cut-off day: only shareholders holding shares on 11 November 2026 can offer them in the buyback. In a tender offer, the company invites those shareholders to offer shares at the fixed price. If more shares are offered than the company intends to buy, it accepts them in proportion, so a holder may have only part of the offered shares accepted.
Up to 15% of the buyback is set aside for small shareholders, defined in the reports as those whose shares were worth ₹2,00,000 or less on the record date.
Promoters
The promoter and promoter group told the company, in a letter dated 4 November 2026, that they do not intend to take part in the buyback.
What the company said
The reports say the buyback is meant to return surplus funds to shareholders. They put its size at 9.70% of the company’s paid-up equity capital and free reserves as of 31 March 2026, within the 10% legal limit for a board-approved buyback.
Basis of these figures
Figures are from Investywise reports of the company’s 4 November 2026 board outcome, which cite a BSE filing, and a Multibagg report that the board meeting to consider a buyback was set for 4 November. The price (₹215), share count (68,37,210), 1.86%, record date (11 November 2026), 15% reservation and promoters’ non-participation are from Investywise. The ₹147 crore total matches 68,37,210 shares at ₹215; two Investywise headlines print ₹1,470 crore, which does not match their own text or this arithmetic. The company’s filing with the exchanges was not opened for this article, so the figures are secondary reporting. This article reports the announced terms only and carries no view on the buyback or on the company’s shares.